Business: The Open Road

Carter keeps on truckin

Jimmy Carter's drive to free the nation's transportation system from the octopus of federal regulation is rolling. Airlines were deregulated two years ago, and a bill to unfetter the railroads is expected to pass Congress later this summer. Last week the President put his signature on the Motor Carrier Act of 1980, which will begin dismantling 45 years of federal controls over the trucking industry. About 17,000 carriers, or 40% of the business, will be directly affected. The rest of the industry is unregulated because it hauls items not subject to controls, like unprocessed agricultural products, or because...

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